BidaskClub Lowers America First Multifamily Investors (NASDAQ:ATAX) to Buy

America First Multifamily Investors (NASDAQ:ATAX) was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research note issued on Tuesday, BidAskClub reports.

NASDAQ:ATAX opened at $7.13 on Tuesday. The firm has a market capitalization of $435.07 million, a P/E ratio of 12.20 and a beta of 0.33. America First Multifamily Investors has a 12-month low of $5.17 and a 12-month high of $7.24. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 1.84.

America First Multifamily Investors (NASDAQ:ATAX) last released its earnings results on Friday, May 3rd. The financial services provider reported $0.08 earnings per share (EPS) for the quarter. The firm had revenue of $17.67 million during the quarter. America First Multifamily Investors had a return on equity of 13.74% and a net margin of 49.50%.

A number of large investors have recently added to or reduced their stakes in the stock. Stifel Financial Corp boosted its holdings in America First Multifamily Investors by 4.0% in the fourth quarter. Stifel Financial Corp now owns 46,675 shares of the financial services provider’s stock valued at $263,000 after purchasing an additional 1,800 shares during the period. American Asset Management Inc. boosted its holdings in America First Multifamily Investors by 40.0% in the first quarter. American Asset Management Inc. now owns 14,000 shares of the financial services provider’s stock valued at $96,000 after purchasing an additional 4,000 shares during the period. Stratos Wealth Partners LTD. boosted its holdings in America First Multifamily Investors by 72.5% in the fourth quarter. Stratos Wealth Partners LTD. now owns 11,900 shares of the financial services provider’s stock valued at $67,000 after purchasing an additional 5,000 shares during the period. Cambridge Investment Research Advisors Inc. lifted its holdings in America First Multifamily Investors by 9.5% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 65,492 shares of the financial services provider’s stock worth $450,000 after buying an additional 5,663 shares during the last quarter. Finally, Advisor Group Inc. lifted its holdings in America First Multifamily Investors by 85.3% during the 4th quarter. Advisor Group Inc. now owns 14,205 shares of the financial services provider’s stock worth $81,000 after buying an additional 6,541 shares during the last quarter. Hedge funds and other institutional investors own 7.40% of the company’s stock.

About America First Multifamily Investors

America First Multifamily Investors, L.P. acquires, holds, sells, and deals in a portfolio of mortgage revenue bonds (MRBs) that are issued to provide construction or permanent financing for multifamily and student housing, and residential and commercial properties. It operates through four segments: Mortgage Revenue Bond Investments, MF Properties, Public housing Capital Fund Trust, and Other Investments.

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